WTI Hovers Near 5 Month Lows After India Confusion, Record US Production Oil prices are flat this morning (holding near five-month low) amid mixed signals on President Trump’s push to stop India’s purchases of Russian crude, his lengthy ongoing talks with President Putin, and a surprisingly large crude inventory build reported by API last night. India’s oil refiners said they expect to reduce – not stop – the purchase of Russian crude, a move that could squeeze global supply, following remarks by Trump that the South Asian nation would halt all buying. Bloomberg reports that Mangalore Refinery and Petrochemicals Ltd… — Continue at ZeroHedge News : Read More
